The US Bank FlexPerks Travel Rewards credit card is a neat little piece of plastic. With double miles on select purchases and a $25 credit on each reward flight, travelers will find the FlexPerk’s rewards program highly alluring. But despite its extensive list of benefits, the FlexPerks card doesn’t quite measure up to the competition. Better options are out there. Here we review the US Bank FlexPerks Travel Rewards Visa Signature (long enough name?) and recommend a couple superior alternatives for travel rewards.
Pretty okay rewards
Travel cards are all about the rewards. The first thing to look at is the signup bonus. The FlexPerks card currently offers 15,000 points when you spend $500 in the first 3 months. At $150, that’s a decent value, but we’ve certainly seen better. Next, you want to review the ongoing rewards. The big draw of the FlexPerks program is the 2 points per dollar spent on gas, grocery, cell phone and airline purchases. Double miles on these essential categories should really propel your earning potential. Charitable donations earn 3 FlexPoints per dollar, and all other purchases earn 1 point per dollar.
The FlexPerks card comes will a couple other cool perks outside the points program. Each reward ticket you redeem with FlexPoints comes with a $25 airline allowance. You can put this toward ancillary costs–anything from baggage fees to in-flight meals. With ancillary charges perpetually on the rise, some travelers will really appreciate the help. The card also gets you a free car rental day, up to a 25% discounts and an Emerald Club Membership at National Car Rental. Emerald Club members receive a host of extra benfits, including faster rentals and no second-driver fees.
APR deal, EMV chip and more
The best travel credit cards will not charge a foreign transaction fee. Unfortunately, the US Bank FlexPerks card does. Typically, foreign transaction fees are 3% of every out-of-country purchase. With the FlexPerks card, you will be charged 2% on out-of-country purchases that use US currency and 3% on purchases that use foreign currency. This is one of the FlexPerks’ biggest flaws. While it won’t effect domestic travel, international travelers will pay more for activity abroad.
On the plus side, the FlexPerks does come equipped with an EMV chip. EMV chips are a credit card technology used throughout much of the world, prevalent especially in Europe. Regular American credit cards are sometimes rejected because they cannot be read by all EMV card readers. With an EMV chip, you shouldn’t have compatibility issues.
The FlexPerks also comes with a nice introductory APR. For 12 months, the purchase and transfer APR sits at 0%. For an entire year, you won’t pay a penny in interest on new purchases or balance transfers. If you have debts to pay off and need to transfer a balance, keep in mind you will have to pay a balance transfer fee. For the first 30 days, the fee is 2% of the transferred sum. After that, the fee bumps up to 3%. Both rates are better than the industry standard of 5%.
And finally, the annual fee is $49, waived the first year. For a travel rewards card, that’s fairly low. Your rewards will easily offset the cost. Think of it this way: The $150 signing bonus alone pays the annual fee for the first 4 years.
Better travel choices
All in all, the US Bank FlexPerks card is an all right card. But if you’re looking for travel rewards, we recommend looking at these guys.
Capital One Venture
on Capital One's
on Capital One's
Chase Sapphire Preferred